Mortgages are popularly thought of as loans, but to understand the industry, it's better to model them as complex manufactured products.
Previous issues of Bits about Money
BNPLs (Buy Now Pay Later) are an interesting, relatively novel payment method. Here is how they work.
Gift card marketplaces largely (and surprisingly) match professional buyers and sellers of gift cards, rather than casual users. This creates an interesting ecosystem in the shadow of large retailers.
Gift cards are a loosely-regulated quasi-financial product and frequently misunderstood. Here's how they operate under the hood.
Fraud is largely conducted by professionals operating in specialized firms, which have their own ecosystem of evil.
Bank transfers have exploded as a payment method in India and may become more common in much of the world.
The payments industry in Japan is evolving rapidly. Some trends are globally relevant.
Debit cards are a core piece of financial infrastructure and drive much of the innovation happening in fintech.
Credit cards make money through net interest, interchange, fees, and marketing contributions.
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